Canada Stocks: TSX little changed as bank share gains offset by resource stocks

Yellow Pages

15/02/2018 15:28

Feb 15 (Reuters) - Canada's main stock index was little 
changed on Thursday as gains in the financial sector and shares 
of TransCanada Corp  TRP.TO  were tempered by a decline in 
resource companies. 
    * At 10:20 a.m. EST (1520 GMT), the Toronto Stock Exchange's 
S&P/TSX composite index  .GSPTSE  edged up 4.79 points, or 0.03 
percent, at 15,333.06. 
    * TransCanada was the biggest advancer on the index, rising 
3.7 percent to C$55.64, after its fourth-quarter profit beat 
expectations due to lower costs and an expansion of gas lines. 
 urn:newsml:reuters.com:*:nL4N1Q53JP 
    * The financials group  .SPTTFS  also helped support the 
market, gaining 0.5 percent as Toronto-Dominion Bank  TD.TO  
rose 0.6 percent to C$72.74, while Royal Bank of Canada  RY.TO  
advanced 0.4 percent to C$100.86. 
    * On the downside, Barrick Gold Corp  ABX.TO  declined 3.0 
percent to C$16.64 after the world's biggest gold producer, 
forecast an output drop over the next four years.  urn:newsml:reuters.com:*:nL2N1Q425Y  
    * Barrick helped weigh on the materials sector  .SPTTMT , 
which retreated 0.7 percent. 
    * Investors were also taking in a slew of Canadian corporate 
earnings, while global markets rose.  MKTS/GLOB   
    * Bombardier  BBDb.TO  jumped 8.8 percent to C$3.58 after an 
improvement in sales and margins in its rail division helped its 
quarterly profit beat estimates.  urn:newsml:reuters.com:*:nL4N1Q534M 
    * Late on Wednesday, an independent U.S. trade body said it 
had rejected hefty U.S. duties on Bombardier's CSeries jets 
partly because Boeing lost no sales or revenue when Delta Air 
Lines  DAL.N  ordered the aircraft in 2016 from the Canadian 
planemaker.  urn:newsml:reuters.com:*:nL2N1Q427G 
    * Shopify  SHOP.TO  weighed on the index, down 1.8 percent 
at C$168.4 after the company reported fourth-quarter results and 
guidance.  urn:newsml:reuters.com:*:nL4N1Q53EL 
    * The TSX posted 11 new 52-week highs and 6 new lows. Across 
all Canadian issues there were 14 new 52-week highs and 15 new 
lows. Volume on the index was 47.64 million shares. 
 
 (Reporting by Leah Schnurr in Ottawa; Editing by Bernadette 
Baum) 
 ((leah.schnurr@thomsonreuters.com; +1 613 788 8203; Reuters 
Messaging: leah.schnurr.thomsonreuters.com@reuters.net; Twitter: 
@LeahSchnurr)) 
 
Keywords: CANADA STOCKS/